Locator: 48418LEGACYFUND.
Legacy Fund, October, 2024, link here:
Legacy Fund assets are allocated according to policies set by the Legacy and Budget Stabilization Fund Advisory Board, which consists of six state legislators and four citizen members. The SIB follows these policies and state law when managing the assets. The SIB’s Investment Committee provides oversight of the investments within the established parameters.
These policies have generated positive returns for North Dakota taxpayers, with a five-year annualized return of 6.6% that has outpaced the inflation rate by over 2% and exceeds its policy benchmark return of 5.8%.
What little I know about the "Advisory Board," they seem to be over-thinking how to invest.
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From AI
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